Investors' Soapbox PM

Risks at American Express

As we head into earnings season, here are our latest thoughts on American Express, Capital One Financial and Discover Financial Services.

We're neutral on American Express (ticker: AXP) heading into earnings as consumer confidence wanes and several spend metrics have stalled. For Capital One Financial (COF), expectations are low and the stock remains cheap heading into the print, but several headwinds remain. At...